Jeera futures down 0.80% on profit-booking

Jeera prices fell 0.80 per cent to Rs 19,210 per quintal in futures trade today as speculators engaged in trimming their positions to book profits at prevailing levels amid lower domestic and exports demand at the spot market.
Furthermore, ample stocks position following higher supplies from the producing belt too fuelled the downtrend.
At the National Commodity and Derivatives Exchange, jeera for delivery in May fell by Rs 155, or 0.80 per cent, to Rs 19,210 per quintal, with an open interest of 15,819 lots.
Similarly, the spice for delivery this month moved down by Rs 105, or 0.55 per cent, to Rs 19,070 per quintal in 3,978 lots.

Analysts said besides profit-booking by speculators at existing levels, fall in demand at the spot market against adequate stocks position, kept pressure on jeera prices at futures trade.